OKLAHOMA CITY, Feb. 4 2005 – LAWFUEL – The Law News Network — On February 4, 2005, the class action lawsuit was filed in the Southern District of New York against certain officers and directors of Tower Automotive, Inc. (NYSE: TWR). The complaint
alleges violations of federal securities laws, Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5, including allegations of
issuing a series of material misrepresentations to the market which had the
effect of artificially inflating the market price. The complaint further
alleges that the officers and directors of Tower Automotive, Inc. actively
concealed true facts that the Company’s liquidity issues were so poor that
bankruptcy was imminent. The class period is from February 14, 2003 through
January 21, 2005.
Plaintiff seeks to recover damages on behalf of the Class. If you are a
member of the Class as described above, you may move the Court no later than
sixty (60) days from February 4, 2005, to serve as a lead plaintiff for the
Class. However, in order to do so, you must meet certain legal requirements
pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this suit, or have any
questions or concerns regarding this notice, or preservation of your rights,
please contact:
William B. Federman
FEDERMAN & SHERWOOD
120 N. Robinson, Suite 2720
Oklahoma City, OK 73102
(405) 235-1560/FAX: (405) 239-2112
mailto: [email protected]
http://www.federmanlaw.com
